The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 16,098 3,060,500 SH   SOLE   3,060,500 0 0
AUTONATION INC COM 05329W102 119,581 1,898,716 SH   SOLE   1,898,716 0 0
BERKSHIRE HATHAWAY INC CL B NEW 084670702 9,340,591 68,625,314 SH   SOLE   68,625,314 0 0
BP PLC SPONSORED ADR 055622104 300,091 7,509,796 SH   SOLE   7,509,796 0 0
CANADIAN NATL RY CO COM 136375102 989,077 17,126,874 SH   SOLE   17,126,874 0 0
CATERPILLAR INC COM 149123101 955,146 11,260,857 SH   SOLE   11,260,857 0 0
COCA COLA FEMSA SAB DE CV SPON ADR REP L 191241108 493,759 6,214,719 SH   SOLE   6,214,719 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 428,232 5,332,900 SH   SOLE   5,332,900 0 0
ECOLAB INC COM 278865100 493,712 4,366,425 SH   SOLE   4,366,425 0 0
FEDEX CORP COM 31428X106 515,460 3,024,999 SH   SOLE   3,024,999 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 655,247 16,879,103 SH   SOLE   16,879,103 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 114,602 2,119,515 SH   SOLE   2,119,515 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 184,260 3,639,349 SH   SOLE   3,639,349 0 0
UNITED PARCEL SERVICE INC CL B 911312106 438,550 4,525,329 SH   SOLE   4,525,329 0 0
WAL-MART STORES INC COM 931142103 823,001 11,603,000 SH   SOLE   11,603,000 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 293,463 3,475,398 SH   SOLE   3,475,398 0 0
WASTE MGMT INC DEL COM 94106L109 863,671 18,633,672 SH   SOLE   18,633,672 0 0